Teach Soap

Any of you long time soapers notice a drop in the price of palm oil? I was reading a recent commodity report (yeah, my reading tastes run to the dry and boring - its my "inner CFO") that stated Indonesia's palm oil inventories are at record highs. The data shows prices dropping every month since May 2012.

And DAYUM....look at the data on extra virgin olive oil prices:

Aug 2012 - up 9.61%
Sept 2012 - up 25.78% due to drought conditions.

Interesting article on that subject that advises those in the UK to stock up on olive oil now for 2013:


And check out this web site: The Olive Oil Times...article linked is about the harvest in Spain:


Like palm oil, coconut oil prices have been dropping each month since May 2012.

Soybean oil prices have been rising each month since July 2012.

No data on some of the fancier oils -

www.indexmundi.com - great website for data.

This has been your soaper commodity report for November 2, 2012!!!

That is interesting and I will look forward to cheaper prices from the suppliers. The link below comments on the glut of olive oil so not sure what the true facts are on that one.

http://live.wsj.com/video/europe-faces- ... E5B1A75775

The price of mango butter just went up. So we'll see where this ends up as that trickles down to the smaller vendors that supply us.

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Irena
Closed minds are like faulty parachutes; they refuse to open.